Dana Gas PJSC ("Dana Gas") announced today the launch of its debut issue of Exchangeable Trust Certificates (the "Sukuk") for US$ 1 billion subject to upsizing.
The Sukuk will be structured as Sukuk al-Mudarabah and will mature in 2012. The terms of the Sukuk will grant rights to Sukuk holders to exchange their Sukuk into ordinary shares of Dana Gas subject to certain conditions.
The investor roadshow is scheduled to start on 18 July 2007 in London. Further information regarding the timetable, size and structure of the proposed issue of the Sukuk will be released in due course.
Barclays Capital and Citi are acting as Joint Global Co-ordinators and Joint Bookrunners of the issue of the Sukuk.
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About Dana Gas
Dana Gas (PJSC) is a private-sector natural gas company based in the Middle East, established with over 300 founder shareholders from across the Gulf Cooperation Council (GCC) region, and approximately 300,000 investors from across the MENASA region and elsewhere.. Headquartered in Sharjah in the UAE and listed on the Abu Dhabi Stock Market (ADSM), Dana Gas has offices in Saudi Arabia, Egypt, the UK and Canada. Dana Gas currently has assets and projects in gas exploration and production, processing, transportation and marketing in several countries in the Middle East, North Africa and South Asia (MENASA) Region.
The information contained herein is not for publication or distribution to persons in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold without registration there under or pursuant to an available exemption there from. Neither this document nor the information contained herein constitutes an offer to sell or the solicitation of an offer to buy any securities.
In the United Kingdom this announcement is directed exclusively at persons who fall within Article 19 or 49 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and within Article 14 or 22 of the Financial Services and Markets Act 2000 (Promotion of Collective Investment Schemes)(Exemptions) Order 2001 or to whom this announcement may otherwise be directed without contravention of sections 21 or 238 of the Financial Services and Markets Act 2000. The investments referred to in this announcement shall be issued only to such persons.
This announcement is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful.
For further Information Please contact:
Mariam Keblawi,
SAHARA Media Consultants
Tel: 0097150-4779923
Dana Gas
Rashid Al-Jarwan
Tel: +971 6 556 9444
Neeraj Agrawal
Tel: +971 6 556 9444
Nasser Akram
Tel: +971 6 556 9444
Barclays Capital
Nick Smith
Tel: +44 20 7773 6536
Arul Kandasamy
Tel: +971 4 362 1013
Citi
Rupert Mitchell
Tel: +44 20 7986 4000
Ashwin Punde
Tel: +44 20 7986 4000
© Press Release 2007
